Author Topic: Should we know other people's salaries?  (Read 2207 times)

LC

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Re: Should we know other people's salaries?
« Reply #30 on: November 06, 2018, 08:58:50 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency. 
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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Gregmal

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Re: Should we know other people's salaries?
« Reply #31 on: November 06, 2018, 09:11:50 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency.

Apple is worth a trillion because the market says it is. Not because some veil was lifted and, voila, it's worth a trillion...

The market determines AAPL value, just as it does an employee's value.

undervalued

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Re: Should we know other people's salaries?
« Reply #32 on: November 06, 2018, 09:25:48 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency.

Apple is worth a trillion because the market says it is. Not because some veil was lifted and, voila, it's worth a trillion...

The market determines AAPL value, just as it does an employee's value.

If I am marketed like AAPL products, I too would've been much more valuable. Just saying.

This reminds me to an idea I've heard. Just like an actor has an agent, I think it would be best if most professionals have an agent.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. - Will Rogers

Gregmal

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Re: Should we know other people's salaries?
« Reply #33 on: November 06, 2018, 09:35:02 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency.

Apple is worth a trillion because the market says it is. Not because some veil was lifted and, voila, it's worth a trillion...

The market determines AAPL value, just as it does an employee's value.

If I am marketed like AAPL products, I too would've been much more valuable. Just saying.

This reminds me to an idea I've heard. Just like an actor has an agent, I think it would be best if most professionals have an agent.

Everyone needs a Charlie Runkle.

rkbabang

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Re: Should we know other people's salaries?
« Reply #34 on: November 06, 2018, 10:10:51 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency.

Apple is worth a trillion because the market says it is. Not because some veil was lifted and, voila, it's worth a trillion...

The market determines AAPL value, just as it does an employee's value.

If I am marketed like AAPL products, I too would've been much more valuable. Just saying.

This reminds me to an idea I've heard. Just like an actor has an agent, I think it would be best if most professionals have an agent.

Everyone needs a Charlie Runkle.

Everyone has to market themselves, so it stands to reason that some people wouldn't be good at that and should outsource it. Some would be much better off and others much worse off.  It all depends on how good your agent turns out to be.

LC

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Re: Should we know other people's salaries?
« Reply #35 on: November 06, 2018, 10:21:40 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency.

Apple is worth a trillion because the market says it is. Not because some veil was lifted and, voila, it's worth a trillion...

The market determines AAPL value, just as it does an employee's value.

How do you, a third party, know what the market price of AAPL is?
« Last Edit: November 06, 2018, 10:54:16 AM by LC »
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
brk.b | cash

undervalued

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Re: Should we know other people's salaries?
« Reply #36 on: November 06, 2018, 10:36:41 AM »
Quote
People are not widgets, no two human beings are the same. Maybe the guy in the next cubical over with the same job title as you is making more (or less) than you for a reason.  Thinking that every person should be paid the same is like thinking that Huawei should be worth a trillion dollars because they make cell phones too.  Like companies, people are different. What one is worth on the market has only partial relevance to what another is worth.

You misunderstand.

The argument for wage transparency is not akin to saying Huawei should be a trillion dollar company.

It is saying the only reason you know Apple is a trillion dollar company is because of price transparency.

Apple is worth a trillion because the market says it is. Not because some veil was lifted and, voila, it's worth a trillion...

The market determines AAPL value, just as it does an employee's value.

If I am marketed like AAPL products, I too would've been much more valuable. Just saying.

This reminds me to an idea I've heard. Just like an actor has an agent, I think it would be best if most professionals have an agent.

Everyone needs a Charlie Runkle.

Everyone has to market themselves, so it stands to reason that some people wouldn't be good at that and should outsource it. Some would be much better off and others much worse off.  It all depends on how good your agent turns out to be.

I think we're getting closer to solving this issue. Is there a site out there that's close to this? What information would you need for you to get comfortable enough to let someone be your agent? Maybe he is good marketing? That he already represented a high paying professional in the same field as yours?

What do an agent do? He should represent you when negotiating your salary and what else?
« Last Edit: November 06, 2018, 10:39:33 AM by undervalued »
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. - Will Rogers